Analysts' EPS Forecasts Nearer Actual Than Statistical Models
A consensus forecasts of financial analysts give better forecasts of earnings per share than statistical approach.
From Issue:
Winter 1982
(Winter 1982-1983)
IBF Journal Article by T. Daniel Coggin and John E. Hunter, originally published in Winter 1982-1983

Analysts' EPS Forecasts Nearer Actual Than Statistical Models